Portugal’s allure extends beyond its stunning beaches and vibrant culture; it also offers attractive visa options for those seeking to relocate or invest. As a realtor in Lagos, Algarve, I’m often asked about the different pathways to residency in Portugal. This article aims to shed light on the most popular visa possibilities, providing you with valuable insights and resources.
Golden Visa
The Golden Visa program is a fast-track residency-by-investment scheme, offering a gateway to Portuguese residency and eventual citizenship. It caters to non-EU citizens and requires a significant investment in real estate, capital transfers, or job creation.
- Key benefits:
- Residency permit for the investor and their family
- Visa-free travel within the Schengen Area
- Path to Portuguese citizenship after five years
- Investment options:
- Acquisition of real estate (minimum €500,000 or €350,000 for rehabilitation)
- Capital transfer of at least €1 million
- Creation of at least 10 jobs
- Capital transfer: A minimum investment of €1.5 million into a Portuguese bank account or approved investment funds
- Investment funds: A minimum investment of €500,000 into qualifying investment funds
- Company creation: Creating or acquiring a company in Portugal that results in at least 10 new jobs
- Research activities: Investment of at least €500,000 in research activities conducted by public or private scientific research institutions
- Cultural heritage: Investment of at least €250,000 in supporting artistic production or the recovery or maintenance of national cultural heritage
Source: Portuguese 1 Immigration and Borders Service (SEF)
D7 Visa
The D7 Visa, also known as the Passive Income Visa, is ideal for retirees or individuals with a stable passive income stream. It requires proof of sufficient income to support oneself in Portugal.
- Key benefits:
- Residency permit for the applicant and their family
- Path to permanent residency and citizenship
- Income requirements:
- Minimum monthly income of around €720 for the main applicant
- Additional income for dependents
- Source: Portuguese Immigration and Borders Service (SEF) – D7 Visa [invalid URL removed]
Digital Nomad Visa
Portugal is embracing the trend of remote work with its upcoming Digital Nomad Visa, expected to be launched soon. This visa will cater to individuals who work remotely for companies outside Portugal.
- Key benefits:
- Residency permit for up to one year (renewable)
- Access to Portugal’s thriving digital nomad community
- Eligibility criteria:
- Proof of remote employment
- Minimum monthly income requirements
- Source: Portugal to Launch Digital Nomad Visa in late 2022 [invalid URL removed]
Other Visa Options
Portugal offers a range of other visa options, including:
- Student Visa: For individuals pursuing higher education in Portugal
- Work Visa: For individuals with a job offer from a Portuguese company
- Family Reunification Visa: For family members of Portuguese residents or citizens
Conclusion
Portugal’s diverse visa options make it an attractive destination for individuals from all walks of life. Whether you’re an investor, a retiree, a digital nomad, or a student, there’s likely a pathway to residency that suits your needs.
If you’re considering relocating to Portugal and need guidance on the visa process or finding the perfect property, feel free to reach out. As a realtor in Lagos, Algarve, I’m here to assist you every step of the way.
Disclaimer: Visa regulations can change, so it’s always recommended to consult with an immigration lawyer or the Portuguese Immigration and Borders Service (SEF) for the most up-to-date information.
